Keyence (OTCMKTS:KYCCF) Shares Gap Down – Here’s What Happened

Keyence Corporation (OTCMKTS:KYCCF) shares gapped down prior to trading on Thursday . The stock had previously closed at $506.00, but opened at $469.66. Keyence shares last traded at $503.65, with a volume of 75 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on KYCCF shares. Zacks Research upgraded shares of Keyence to a “hold” rating in a research note on Tuesday, May 19th. Erste Group Bank raised shares of Keyence to a “strong-buy” rating in a report on Tuesday, May 12th. Finally, The Goldman Sachs Group upgraded Keyence from a “hold” rating to a “buy” rating in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Keyence Stock Performance

The firm’s 50 day moving average is $500.30 and its 200 day moving average is $455.52.

About Keyence

Keyence Corporation, established in 1974 by Takemitsu Takizaki and headquartered in Osaka, Japan, is a leading developer and manufacturer of automation and inspection equipment. The company focuses on delivering advanced technologies that improve manufacturing efficiency and quality control for a broad range of industries, including automotive, electronics, pharmaceuticals, food and beverage, and packaging.

Keyence’s product portfolio encompasses a variety of sensors, vision systems, laser markers, digital microscopes and measuring instruments.